Concerns about faltering global oil demand and expectations of rising U.S. crude oil exports trump fears of supply shortage after the attacks on Saudi oil and have investment banks predict that oil prices would not move much higher in the fourth quarter, a poll of 13 major investment banks by The Wall Street Journal showed on Friday. Although the attacks on Saudi oil infrastructure on September 14 knocked 5.7 million bpd—or 5 percent of global oil supply—offline, Saudi Aramco is busy reassuring the market that full capacity is back online and not a single shipment of crude oil will be missed. According to the WSJ poll, banks expect Brent Crude prices to average US$64.31 a barrel in Q4, basically unchanged from last month’s poll estimate. WTI Crude prices are forecast to average US$58.24 per barrel in Q4, slightly up from last month’s estimate of US$57.82 per barrel, the WSJ […]